What does this do?
This estimator performs two functions:
- It will generate values for a monthly payment, the total interest paid and total payments made, over the life of a given mortgage.
- It will also generate an amortization table for the values entered. The calculations are for a fixed rate mortgage.
This estimator is believed to be accurate, but is only intended to generate approximate results.
Operation:Enter the Full Sale Price, Percent Down, Interest Rate, and Number of Payments.
TO AVOID ERROR MESSAGES AND MISLEADING RESULTS:
Enter NUMBER and DECIMAL characters only. Do not enter " $ ", " , " or " % " characters. (Example: For a $100,000 home, enter 100000 or for 7.5% enter 7.5 )